2022-05-26 10:45:01 $ECON Economic Data
05/26/22 05/2610:45 05/26/2210:45 | Federal Reserve turnoverFederal Reserve turnover: there are lots of changes afoot and analysts suspect they will give the FOMC a more dovish slant. Lisa Cook and Phillip Jefferson have been confirmed as new board members, taking office on May 23 and bringing the board to 6 (one vacancy remaining). She will fill an unexpired term ending January 31, 2024, and he will fill an unexpired term ending January 31, 2036. Also, Brainard, a dove, is the new Vice Chair, taking over for Clarida who was more a centrist. Long time Fed official Lorie Logan has been chosen as the new president of the Dallas Fed, taking over for Kaplan and will begin her tenure on August 22. She currently serves as the manager of the System Open Market Account and analysts suspect she will be a centrist. The Boston Fed has appointed Susan Collins to take the top spot following the departure of Rosengren who was more of a hawk. She will take office on July 1. KC's George and Chicago Fed's Evans have announced they will be stepping down early next year as they hit the mandatory retirement age of 65. George has been a long-time hawk, and Evans a dove. The 2023 voting rotation will include Dallas, Chicago, Philly, and Minneapolis. |
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Healthcare Trust reports highest levels of new leases »
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Green Mobility Holding to delist Europcar Mobility Group »
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Sernova initiated with a Buy at H.C. Wainwright »
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CareTrust REIT participates in senior secured real estate financing »
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Aveanna downgraded to Hold from Buy at Truist »
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Voyager Digital downgraded to Neutral from Buy at H.C. Wainwright »
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New Fortress Energy and Apollo form a new joint venture in a $2B transaction »
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Anebulo says Phase 2 ANEB-001 clinical trial met primary endpoint »
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Tesla price target lowered to $385 from $395 at JPMorgan »
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AB InBev upgraded to Buy from Neutral at Citi »
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Shopify initiated with a Market Perform at JMP Securities »
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Credit Agricole downgraded to Hold from Buy at Deutsche Bank »
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888 Holdings resumed with a Buy at Deutsche Bank »
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UniCredit looking at Russia exit that it can reverse, Bloomberg reports »
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Tesla supplier Ganfeng Lithium probed for insider trading in China, FT reports »
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Excelerate Energy upgraded to Overweight from Equal Weight at Wells Fargo »
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Fevertree Drinks upgraded to Neutral from Sell at Redburn »
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